【Morning Report】Microsoft and Meta, despite the good performance in the July-September quarter, the stock prices fell after hours due to concerns about the outlook. Super Micro plunges, EY resigns as auditor.
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Here are the key points for this morning's report.
- Forecast range for Tokyo stock prices: 29,800-29,400 yen (Closing price on the 30th was 29,277.39 yen)
- Microsoft's earnings for the July-September period were strong, with Azure performing well and AI contributing positively.
- Meta's revenue and profit increased in the July-September period, but digital advertising growth is slowing down.
- U.S. Super Micro plunges as EY resigns as auditor.
Eli Lilly and Co, financial estimates fall below expectations in the July-September quarter, causing a decline in stock price.
In the U.S., October ADP employment statistics show the largest increase since July last year, leading to dollar buying.
AMD sees strong demand for AI semiconductors! The distance from Nvidia is still far. [Earnings reports summarized]
●ADR Japanese stock ranking~ Hitachi Ltd sponsored ADR generally sells well, Chicago is 195 yen lower than Osaka at 39,295 yen~
moomoo News Kei
- Forecast range for Tokyo stock prices: 29,800-29,400 yen (Closing price on the 30th was 29,277.39 yen)
- Microsoft's earnings for the July-September period were strong, with Azure performing well and AI contributing positively.
- Meta's revenue and profit increased in the July-September period, but digital advertising growth is slowing down.
- U.S. Super Micro plunges as EY resigns as auditor.
Eli Lilly and Co, financial estimates fall below expectations in the July-September quarter, causing a decline in stock price.
In the U.S., October ADP employment statistics show the largest increase since July last year, leading to dollar buying.
AMD sees strong demand for AI semiconductors! The distance from Nvidia is still far. [Earnings reports summarized]
●ADR Japanese stock ranking~ Hitachi Ltd sponsored ADR generally sells well, Chicago is 195 yen lower than Osaka at 39,295 yen~
moomoo News Kei
Market Overview
On the 30th, in the U.S. stock market, the Dow Jones Industrial Average fell for the second day. The S&P 500 index and the Nasdaq Composite index also declined. Despite the initial surge, negative territory was reached as corporate earnings and economic indicators were digested by the market.
On the 31st, the Tokyo stock market is likely to be dominated by profit-taking movements centered around leading stocks. Will the Nikkei Stock Average battle around the 30,000 yen mark?
On the 31st, the Tokyo stock market is likely to be dominated by profit-taking movements centered around leading stocks. Will the Nikkei Stock Average battle around the 30,000 yen mark?
Top News
Microsoft's earnings report for the July-September quarter showed Azure performing well, with AI contributing.
$Microsoft (MSFT.US)$After the close, they announced their earnings report for the July-September quarter (Q1), surpassing expectations in earnings per share and revenue. Driven by cloud computing and the 'Office' business software segment. Significant investments in AI are starting to pay off. However, due to weak guidance, the stock price fell after hours.
Microsoft's earnings report for the July-September quarter showed Azure performing well, with AI contributing.
$Microsoft (MSFT.US)$After the close, they announced their earnings report for the July-September quarter (Q1), surpassing expectations in earnings per share and revenue. Driven by cloud computing and the 'Office' business software segment. Significant investments in AI are starting to pay off. However, due to weak guidance, the stock price fell after hours.
Meta's revenue and profit increased in the July-September quarter, with a slowdown in digital advertising growth.
USA $Meta Platforms (META.US)$Their earnings report for the July-September quarter (Q3) announced on the 30th showed increased revenue and profit. Despite a slowdown in digital advertising growth, they achieved record-high revenue for the quarter. Supported by massive investments in artificial intelligence (AI) and augmented reality (AR). However, concerns about annual spending outlook led to a drop in the stock price after hours.
USA $Meta Platforms (META.US)$Their earnings report for the July-September quarter (Q3) announced on the 30th showed increased revenue and profit. Despite a slowdown in digital advertising growth, they achieved record-high revenue for the quarter. Supported by massive investments in artificial intelligence (AI) and augmented reality (AR). However, concerns about annual spending outlook led to a drop in the stock price after hours.
US Super Micro plunges as EY resigns as auditor.
The accounting firm giant Ernst & Young (EY) resigned as the auditor of the US computer server manufacturing giant. $Super Micro Computer (SMCI.US)$Citing loss of trust in the management, Ernst & Young (EY) resigned as the auditor.
The accounting firm giant Ernst & Young (EY) resigned as the auditor of the US computer server manufacturing giant. $Super Micro Computer (SMCI.US)$Citing loss of trust in the management, Ernst & Young (EY) resigned as the auditor.
Eli Lilly and Co. falls below financial estimates in the July-September quarter, causing a stock price decline.
US pharmaceutical giant $Eli Lilly and Co (LLY.US)$The financial results for the July-September quarter (Q3) announced on the 30th showed a turnaround to profit, but both profit and revenue significantly fell below market expectations. Sales of diabetes and obesity treatment drugs, "Mangaro" and "Zepbound", fell significantly.
【Other financial results】
Booking Holdings reports increased revenue and operating income for Q3, with a 9% increase in revenue to $7.99 billion and a 2% increase in operating income to $3.17 billion.
Caterpillar reports a revenue and profit decline in the July-September quarter, falling below expectations.
Ebay reports increased revenue and operating income for Q3, with a 3% increase in revenue to $2.57 billion, leading to a sharp drop in stock price.
Amgen reports increased revenue and profit for Q3, with a 23% increase in revenue to $8.5 billion and a 1% increase in operating income to $2.04 billion.
US pharmaceutical giant $Eli Lilly and Co (LLY.US)$The financial results for the July-September quarter (Q3) announced on the 30th showed a turnaround to profit, but both profit and revenue significantly fell below market expectations. Sales of diabetes and obesity treatment drugs, "Mangaro" and "Zepbound", fell significantly.
【Other financial results】
Booking Holdings reports increased revenue and operating income for Q3, with a 9% increase in revenue to $7.99 billion and a 2% increase in operating income to $3.17 billion.
Caterpillar reports a revenue and profit decline in the July-September quarter, falling below expectations.
Ebay reports increased revenue and operating income for Q3, with a 3% increase in revenue to $2.57 billion, leading to a sharp drop in stock price.
Amgen reports increased revenue and profit for Q3, with a 23% increase in revenue to $8.5 billion and a 1% increase in operating income to $2.04 billion.
In October, the US ADP employment statistics showed the largest increase since July last year, leading to a stronger dollar.
The October ADP employment statistics, which indicate the number of employees in the private sector, unexpectedly accelerated to +0.233 million people from +0.159 million people in September, contrary to deceleration expectations. This growth is the largest since July last year. Supported by strong employment indicators, dollar buying strengthened, pushing the dollar-yen pair from 153.00 yen to 153.44 yen.
Related articles:The US GDP growth rate slowed to 2.8% in the July-September quarter according to preliminary estimates.
The October ADP employment statistics, which indicate the number of employees in the private sector, unexpectedly accelerated to +0.233 million people from +0.159 million people in September, contrary to deceleration expectations. This growth is the largest since July last year. Supported by strong employment indicators, dollar buying strengthened, pushing the dollar-yen pair from 153.00 yen to 153.44 yen.
Related articles:The US GDP growth rate slowed to 2.8% in the July-September quarter according to preliminary estimates.
In the 'Throne War' of market capitalization, who will be the first in the world to exceed 4 trillion dollars: NVIDIA, apple, or Microsoft?
$Tesla (TSLA.US)$Stocks surged 22% after the earnings report, hitting a record high on the 25th. $Nasdaq Composite Index (.IXIC.US)$$ and updated it to a temporary record high. It recorded a 7-week consecutive increase.The "king of AI" also hit an all-time high. $NVIDIA (NVDA.US)$With a market capitalization of 3.47 trillion dollars, it approached the leading apple corp (3.52 trillion).NVIDIA first reached a market capitalization on June 18th.。
$Tesla (TSLA.US)$Stocks surged 22% after the earnings report, hitting a record high on the 25th. $Nasdaq Composite Index (.IXIC.US)$$ and updated it to a temporary record high. It recorded a 7-week consecutive increase.The "king of AI" also hit an all-time high. $NVIDIA (NVDA.US)$With a market capitalization of 3.47 trillion dollars, it approached the leading apple corp (3.52 trillion).NVIDIA first reached a market capitalization on June 18th.。
AMD, AI semiconductors performing well! Still a long way behind Nvidia 【Earnings Summary】
$Advanced Micro Devices (AMD.US)$Earnings reports were announced after the close on October 29th.
$Advanced Micro Devices (AMD.US)$Earnings reports were announced after the close on October 29th.
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Key Market Events
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Adviser, moomoo
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